Jason Industries Inc (JASN) Receives Consensus Recommendation of “Strong Buy” from Analysts

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Shares of Jason Industries Inc (NASDAQ:JASN) have been given an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.

Brokerages have set a twelve-month consensus target price of $4.50 for the company and are predicting that the company will post ($0.04) EPS for the current quarter, according to Zacks. Zacks has also assigned Jason Industries an industry rank of 162 out of 255 based on the ratings given to its competitors.

A number of brokerages have recently issued reports on JASN. Zacks Investment Research upgraded Jason Industries from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. ValuEngine cut Jason Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, November 20th.

Several hedge funds have recently bought and sold shares of JASN. Wynnefield Capital Inc. grew its holdings in Jason Industries by 3.7% in the 4th quarter. Wynnefield Capital Inc. now owns 5,133,296 shares of the technology company’s stock valued at $7,033,000 after buying an additional 182,977 shares in the last quarter. Renaissance Technologies LLC grew its holdings in Jason Industries by 19.3% in the 3rd quarter. Renaissance Technologies LLC now owns 1,036,916 shares of the technology company’s stock valued at $3,494,000 after buying an additional 167,400 shares in the last quarter. Manatuck Hill Partners LLC grew its holdings in Jason Industries by 3,571.6% in the 3rd quarter. Manatuck Hill Partners LLC now owns 734,329 shares of the technology company’s stock valued at $2,475,000 after buying an additional 714,329 shares in the last quarter. Vanguard Group Inc grew its holdings in Jason Industries by 2.1% in the 3rd quarter. Vanguard Group Inc now owns 733,683 shares of the technology company’s stock valued at $2,472,000 after buying an additional 15,131 shares in the last quarter. Finally, BlackRock Inc. grew its holdings in Jason Industries by 7.1% in the 4th quarter. BlackRock Inc. now owns 103,581 shares of the technology company’s stock valued at $142,000 after buying an additional 6,883 shares in the last quarter. 35.32% of the stock is currently owned by institutional investors and hedge funds.

Shares of Jason Industries stock opened at $1.95 on Friday. Jason Industries has a 12-month low of $1.29 and a 12-month high of $3.88. The company has a market cap of $51.14 million, a PE ratio of -3.61 and a beta of 1.23.

Jason Industries (NASDAQ:JASN) last announced its quarterly earnings data on Tuesday, March 5th. The technology company reported ($0.40) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.23). Jason Industries had a negative return on equity of 1.05% and a negative net margin of 3.15%. On average, research analysts forecast that Jason Industries will post -0.1 earnings per share for the current year.

Jason Industries Company Profile

Jason Industries is the parent company to a global family of manufacturing leaders within the seating, finishing, components and automotive acoustics markets, including Assembled Products (Buffalo Grove, Ill.), Janesville Acoustics (Southfield, Mich.), Metalex (Libertyville, Ill.), Milsco (Milwaukee, Wis.), Osborn (Richmond, Indiana and Burgwald, Germany) and Sealeze (Richmond, Va.).

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